The market for pressure care mattresses is rapidly expanding as the NHS seek to discharge patients out of high-cost Hospital care, back to home. The drive for cost-effective home care services, particularly with a growing elderly demographic, has created an ideal market for IQ Medical’s proven PAC systems, recently highlighted in the British Journal of Nursing. The current UK population of 65m has 18% of residents over the age 65 and the number of over 85’s is set to increase alongside life expectancy rates. The rise in the older demographic will increase the demand for beds and mattresses from 175K to 200k by 2039. With the percentage of patients at risk of bed sores at 80%, there is significant market share available in this growing market.
IQ Medical will use the funding to fuel the development of new, innovative, high-performance products, invest in and diversify its NHS Hospitals and Care Home portfolio, and strengthen its sales and marketing team.
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